Legislation to end this abusive, excessive, and illegally applied fee was pursued in Colorado several years ago but was watered down and then killed by HOA property manager interests.

Plan to rent the house for between $1200-$1300/month.Rehab Needed: The house is in fairly good condition overall (solid foundation; new high efficiency furnace; newer water heater; updated electric), but we are estimating $25k in repairs.

Many investors start off "too hot" by either overdeveloping their first property or spending their money too fast - either of these behaviors will sink your ship quick and disable you from even achieving your short-term goals.

Typically it would generate $1400-1800 in rent with around $3,000 in taxes probably around $1,000 in insurance and $500 for water (all yearly) The neighborhoods are a little on the rougher side and many of the tenants are subsidized, but with good management can be a good return for you. 

I have a tenant who heard "the toilet running" for "over a week, I guess" - but it turned out to be a big hot water leak spraying the subfloor under the bathroom in an enclosed crawlspace.  

The common areas have electricity for lighting and hot water heat and there are two coin laundries so the owner utilities consist of common area electric for lighting, gas and water for the common area heat and hot and cold water for the coin laundry. 

That was before the market was crazy hot like it is right now. 

Our rental market is so hot, tenants are even willing to move-in before we have put on all of the finishing touches.

Many investors start off "too hot" by either overdeveloping their first property or spending their money too fast - either of these behaviors will sink your ship quick and disable you from even achieving your short-term goals.  

You'll find the valley real estate market is quite hot!